---
schema_version: "secwatch.filing_event.v1"
accession: "0000795266-23-000073"
form_type: "8-K"
ticker: "KBH"
cik: "0000795266"
company_name: "KB HOME"
filed_at: "2023-06-21T23:59:59+00:00"
generated_at: "2026-06-13T20:24:31.292868+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KB Home Q2 revenue $1.77B, EPS $1.94; net orders improve; FY guidance reaffirmed

## Summary
- Revenue $1.77B (+3% YoY), diluted EPS $1.94 (down from $2.32 YoY).
- Net orders 3,936 (+1% YoY), sequential improvement from -49% in Q1; cancellation rate 22% vs 17%.
- Homebuilding operating income margin 11.5% (ex-charges 11.7%), down 380 bps; housing gross margin 21.1% (ex-charges 21.4%).
- Repurchased 2.2M shares for $92M; book value per share $46.72 (+24% YoY).
- FY 2023 guidance: housing revenue $5.8B-$6.2B, housing gross margin ~21.2%, avg community count up ~10%.

## SEC filing metadata
- accession: 0000795266-23-000073
- form_type: 8-K
- ticker: KBH
- cik: 0000795266
- company_name: KB HOME
- filed_at: 2023-06-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/795266/000079526623000073/0000795266-23-000073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/795266/000079526623000073/kbh-20230621.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000795266-23-000073
- JSON: https://secwatch.observer/filing/0000795266-23-000073.json
- Plain text: https://secwatch.observer/filing/0000795266-23-000073.txt

## Key facts
- Earnings Releases
  KB HOME reported the six months ended May 31, 2023 results: revenue $3.15 billion, net income $289.9 million, EPS $3.38.
  - Period: the six months ended May 31, 2023
  - Revenue: $3.15 billion
  - Net income: $289.9 million
  - EPS: $3.38
  - Result: reported results
  source text: Six Months Ended May 31, 2023 (comparisons on a year-over-year basis) • Homes delivered increased 2% to 6,454. • Average selling price of $486,000 was roughly flat. • Revenues of $3.15 billion were essentially even. • Net income decreased 16% to $289.9 million. • Diluted earnings per share was $3.38, down 11%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/795266/000079526623000073/0000795266-23-000073-index.htm
- Earnings Releases
  KB HOME reported the three months ended May 31, 2023 results: revenue $1.77 billion, net income $164.4 million, EPS $1.94.
  - Period: the three months ended May 31, 2023
  - Revenue: $1.77 billion
  - Net income: $164.4 million
  - EPS: $1.94
  - Result: reported results
  source text: Relations Contact (310) 893-7456 or jpeters@kbhome.com Cara Kane, Media Contact (321) 299-6844 or ckane@kbhome.com KB HOME REPORTS 2023 SECOND QUARTER RESULTS Revenues Rose to $1.77 Billion; Diluted Earnings Per Share of $1.94 Net Orders Totaled 3,936; Average Community Count Up 20% Repurchased 2.2 Million Shares for $92 Million; Book Value Per Share Increased to
  evidence_url: https://www.sec.gov/Archives/edgar/data/795266/000079526623000073/0000795266-23-000073-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.